https://www.taxtmi.com/caselaws?id=411611 The High Court held that the reopening of the assessment under Section 147 of the Income Tax Act was valid. The court determined that the reasons provided for the reopening were adequate and not based on a mere change of opinion. It was concluded that the Assessing Officer had the jurisdiction to reassess the income, and the respondent could raise objections during the reassessment proceedings. The court allowed the Revenue's appeal, setting aside the Single Judge's order. en-us Thu, 19 Aug 2021 00:00:00 +0530 Fri, 22 Oct 2021 15:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411611 The High Court held that the reopening of the assessment under Section 147 of the Income Tax Act was valid. The court determined that the reasons provided for the reopening were adequate and not based on a mere change of opinion. It was concluded that the Assessing Officer had the jurisdiction to reassess the income, and the respondent could raise objections during the reassessment proceedings. The court allowed the Revenue's appeal, setting aside the Single Judge's order. Case-Laws Income Tax Thu, 19 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411611